Susquehanna Fundamental Investments LLC Takes Position in First Hawaiian Inc (FHB)
Susquehanna Fundamental Investments LLC bought a new position in shares of First Hawaiian Inc (NASDAQ:FHB) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 96,525 shares of the bank’s stock, valued at approximately $2,173,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of First Hawaiian at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in FHB. Vanguard Group Inc increased its holdings in First Hawaiian by 56.4% during the 3rd quarter. Vanguard Group Inc now owns 9,540,506 shares of the bank’s stock worth $259,121,000 after purchasing an additional 3,439,477 shares in the last quarter. Vanguard Group Inc. increased its holdings in First Hawaiian by 56.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,540,506 shares of the bank’s stock worth $259,121,000 after purchasing an additional 3,439,477 shares in the last quarter. FMR LLC increased its holdings in First Hawaiian by 33.1% during the 3rd quarter. FMR LLC now owns 12,125,148 shares of the bank’s stock worth $329,319,000 after purchasing an additional 3,016,037 shares in the last quarter. Macquarie Group Ltd. increased its holdings in First Hawaiian by 41,455.2% during the 3rd quarter. Macquarie Group Ltd. now owns 2,119,316 shares of the bank’s stock worth $57,560,000 after purchasing an additional 2,114,216 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in First Hawaiian by 48.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,730,041 shares of the bank’s stock worth $155,628,000 after purchasing an additional 1,882,584 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.
NASDAQ:FHB traded down $0.03 during mid-day trading on Tuesday, hitting $26.97. The stock had a trading volume of 10,563 shares, compared to its average volume of 1,114,939. First Hawaiian Inc has a twelve month low of $21.19 and a twelve month high of $31.28. The company has a market capitalization of $3.60 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 3.63 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.82.
The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Monday, February 25th were paid a $0.26 dividend. This is an increase from First Hawaiian’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 3.86%. The ex-dividend date was Friday, February 22nd. First Hawaiian’s dividend payout ratio (DPR) is 49.76%.
Several brokerages have recently weighed in on FHB. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. ValuEngine upgraded First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, BidaskClub upgraded First Hawaiian from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $29.83.
In related news, Director Paribas Bnp sold 24,859,750 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $26.11, for a total value of $649,088,072.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert S. Harrison bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of $25.88 per share, with a total value of $129,400.00. Following the completion of the purchase, the chief executive officer now directly owns 80,261 shares in the company, valued at approximately $2,077,154.68. The disclosure for this purchase can be found here. Company insiders own 0.10% of the company’s stock.
First Hawaiian Company Profile
First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.
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